Richland Parish, Louisiana Housing Market
In Richland Parish, Louisiana, the median home value is $141,900, with a median monthly rent of $903. This places Richland Parish at #2349 nationally out of 3134 counties by median home value, and #41 within Louisiana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $887
- Establishments: 537
- BLS QCEW, 2025
Housing Supply
- Single-family: 39
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,005 (avg $54,680)
- Outflow: 6,742 (avg $54,897)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Richland Parish · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 71269 | 236.5 | +6.77% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Richland Parish Compares
| Metric | Richland Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $141,900 | $167,368 | $227,706 |
| Median Gross Rent | $903 | $914 | $968 |
| Owner Occupancy Rate | 66.8% | 72.2% | 73.3% |
| Price/Rent Ratio | 13.1 | 15.1 | 18.7 |
Market Analysis
The median home value in Richland Parish is 15.2% below the Louisiana state average and 37.7% below the U.S. national average. The median rent of $903/month is 1.2% below the state average.
With a price-to-rent ratio of 13.1, buying a home in Richland Parish is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Richland Parish has an owner-occupancy rate of 66.8%, compared to 72.2% in Louisiana and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Elbert County | Georgia | $142,000 | $844 |
| Schoolcraft County | Michigan | $141,800 | $705 |
| Trumbull County | Ohio | $141,800 | $797 |
| Cherokee County | South Carolina | $142,000 | $869 |
| Alcorn County | Mississippi | $142,100 | $751 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| St. Landry Parish | $142,500 | $748 | 70.1% |
| Grant Parish | $143,300 | $904 | 79.4% |
| St. Mary Parish | $138,900 | $848 | 68.6% |
| Assumption Parish | $150,300 | $810 | 84.8% |
| Jefferson Davis Parish | $150,800 | $848 | 77.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).